Crown Electrokinetics Files 8-K with Corporate Updates
Ticker: CRKN · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1761696
Sentiment: neutral
Topics: corporate-update, filing
Related Tickers: CRKN
TL;DR
CRKN filed an 8-K on 6/21 for 6/18 events - corporate changes and exhibits.
AI Summary
Crown Electrokinetics Corp. filed an 8-K on June 21, 2024, reporting events that occurred on June 18, 2024. The filing indicates changes to the company's articles of incorporation or bylaws, other events, and financial statements and exhibits. Specific details regarding the nature of these changes or events are not elaborated upon in the provided text.
Why It Matters
This filing signals potential changes in Crown Electrokinetics Corp.'s corporate structure or operations, which could impact its business strategy and shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates corporate changes and the submission of financial statements and exhibits, which could signal significant operational or structural shifts for the company.
Key Players & Entities
- Crown Electrokinetics Corp. (company) — Registrant
- June 18, 2024 (date) — Earliest event reported
- June 21, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 475423944 (tax_id) — IRS Employer Identification No.
- 1110 NE Circle Blvd. (address) — Principal executive offices
- Corvallis, Oregon 97330 (address) — Principal executive offices
- ( 458 ) 212 -2500 (phone_number) — Registrant's telephone number
FAQ
What specific amendments were made to Crown Electrokinetics Corp.'s articles of incorporation or bylaws?
The provided text does not specify the nature of the amendments to the articles of incorporation or bylaws.
What were the 'Other Events' reported by Crown Electrokinetics Corp. on June 18, 2024?
The filing mentions 'Other Events' but does not provide specific details about what these events entail.
What financial statements and exhibits are included with this 8-K filing?
The filing indicates that financial statements and exhibits are included, but their specific content is not detailed in the provided text.
When was Crown Electrokinetics Corp. incorporated, and in which state?
Crown Electrokinetics Corp. was incorporated in Delaware.
What is the principal executive office address and phone number for Crown Electrokinetics Corp.?
The principal executive offices are located at 1110 NE Circle Blvd., Corvallis, Oregon 97330, and the telephone number is (458) 212-2500.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-06-21 09:18:20
Key Financial Figures
- $0.0001 — ge on which registered Common Stock, $0.0001 par value CRKN NASDAQ Capital Market
Filing Documents
- crkn-20240618.htm (8-K) — 29KB
- crkn-certificateofamendmen.htm (EX-3.1) — 10KB
- crkn-prforreversesplitjune.htm (EX-99.1) — 7KB
- image_0a.jpg (GRAPHIC) — 18KB
- 0001761696-24-000050.txt ( ) — 206KB
- crkn-20240618.xsd (EX-101.SCH) — 2KB
- crkn-20240618_lab.xml (EX-101.LAB) — 23KB
- crkn-20240618_pre.xml (EX-101.PRE) — 13KB
- crkn-20240618_htm.xml (XML) — 3KB
03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year On June 18, 2024, Crown Electrokinetics Corp. (the "Company") filed a Certificate of Amendment (the "Certificate of Amendment") to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of its issued common stock, par value $0.0001 per share ("Common Stock"), in the ratio of 1-for-150 (the "Reverse Stock Split") to be effective at 11:59 p.m. eastern on June 24, 2024. The Common Stock will begin trading on a split-adjusted basis at the market open on Tuesday, June 25, 2024. The Reverse Stock Split and the form of Certificate of Amendment were previously approved by the Company's Board of Directors and the Company's stockholders. The new CUSIP number for the Common Stock following the Reverse Stock Split is 228339404. No fractional shares will be issued as a result of the Reverse Stock Split. Instead, any fractional shares that would have resulted from the Reverse Stock Split will be rounded up to the next whole number. The Reverse Stock Split affects all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's outstanding Common Stock, except for adjustments that may result from the treatment of fractional shares. The number of authorized shares of Common Stock of the Company and number of authorized, issued, and outstanding shares of the preferred stock of the Company were not changed. The above description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference herein.
01. Other Events
Item 8.01. Other Events On June 21, 2024, the Company issued a press release announcing the Reverse Stock Split. A copy of the press release is furnished herewith as Exhibit 99.1 to the Current Report on Form 8-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 3.1 Certificate of Amendment to Amended and Restated Certificate of Incorporation filed June 18 , 2024 99.1 Press Release dated June 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 21, 2024 CROWN ELECTROKINETICS CORP. By: /s/ Doug Croxall Name: Doug Croxall Title: Chief Executive Officer